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2013 (8) TMI 40 - HC - Income TaxValuation u/s 50C - Reference not made to DVO - Tribunal upheld valuation done u/s 50C - Held that:- when specific objection was made by the assessee as to the Assessing Officer adopting the market value, under Section 50C(2) of the Act, the Assessing Officer ought to have referred the valuation of the capital asset to the Valuation Officer, whereas, the authorities below referred to Section 50C(1) of the Act alone without adverting to Section 50C(2) - Decided in favour of assessee.
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